Rishi Sunak is leading the fightback in the UK economy, as the number of people on the payroll has increased by 356,000.
New economic data revealed that the number of employees on payrolls increased by more than 350,000 in June, marking the seventh consecutive monthly gain for RISHI Sunak.
The Office for National Statistics (ONS) released numbers this morning showing that the number of UK workers on payrolls increased by 356,000 between May and June. However, since the beginning of the pandemic, the total has decreased by 206,000 people.
We’re on the right track and working hard to get back on track.
“In the last year, we have supported over 14.5 million individuals throughout the country through our Plan for Jobs, including through the Kickstart Scheme,” said Employment Minister Mims Davies MP.
“We know it’s impossible to save every job, but we’ve done our best to save as many as we can, while also assisting new job searchers through our DWP programs.
“As today’s numbers demonstrate, there is still more to be done, but we’re on the right track and pushing for recovery – with a steady growth in the number of people on payrolls, including 135,000 more young people in work this month, and another rise in vacancies on offer as we stay on pace.”
The most recent monthly bulletin from the ONS reveals that, following a period of employment growth and low unemployment, the employment rate has generally declined, while the unemployment rate has climbed, since the start of the epidemic.
However, since the end of 2020, both have shown signs of improvement.
In the most recent period, between March and May 2021, the employment rate increased by 0.1 percentage points to 74.8 percent, while the unemployment rate fell by 0.2 percentage points to 4.8 percent.
The rate of economic inactivity has risen 0.1 percentage points to 21.3 percent over the previous quarter.
As a result of the easing of several coronavirus limitations, total hours worked increased in the third quarter, but they remain below pre-pandemic levels.
The redundancy rate decreased in the third quarter and is now back to pre-pandemic levels.
In April to June 2021, there were 862,000 employment openings, up 77,500 from the pre-pandemic period of January to March 2020.
According to the ONS, between March and May 2021, average total pay (including bonuses) increased by 7.3 percent, while regular pay (excluding bonuses) increased by 6.6 percent.
Annual rise in average employee compensation, on the other hand, is not.